REC inks MoU with Avaada Group; to invest ₹20,000 crore over five years thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people aware of the development said. The communique entails a paragraph that states to deplore the aggression by Russia against Ukraine, which is being opposed by Russia and China, sources said.
The G20 Energy Transition Working Group has agreed to work towards low-cost financing for energy transition technologies, further deployment of sustainable biofuels and advancing low-emission fuels. The members also agreed on a voluntary action plan for lowering the cost of finance for energy transition, sources close to the development told ET.
Avaada will utilize the REC investment to spearhead its renewable energy projects across India in the next few years. These ventures include green hydrogen and its derivatives, solar photovoltaic (PV) manufacturing, and an assortment of solar, wind, and hybrid projects.
AVAADA group announces MoU with REC for funding its energy projects bilkulonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bilkulonline.com Daily Mail and Mail on Sunday newspapers.